WTI Crude oil - Front expiration
Our current position's delta: 0.20
Scenario: ABCDE structure looks prevailing in a continuation flag pattern. In a cautious market we revise our target area to $78.50.
Upon reaching the target we will rebalance the position's delta and we will consider wave4 close.
Only on a breakout of area $74.90 we will consider wave4 close at the current price level, and a delta de-balancing to negative (short) with a first target of wave5 in area $74/$73.80.
Scenario: ABCDE structure looks prevailing in a continuation flag pattern. In a cautious market we revise our target area to $78.50.
Upon reaching the target we will rebalance the position's delta and we will consider wave4 close.
Only on a breakout of area $74.90 we will consider wave4 close at the current price level, and a delta de-balancing to negative (short) with a first target of wave5 in area $74/$73.80.
Trade stängt: målet nått:
following our risk management strategy we just make a correction in our position, bringing the delta to zero-
We considering wave4 closed, even if the price could experience further upward acceleration.
See You all next update.
We considering wave4 closed, even if the price could experience further upward acceleration.
See You all next update.
Delta Zero team.